59
59
Jan 31, 2013
01/13
by
FOXNEWS
tv
eye 59
favorite 0
quote 0
. >> and speaker of the house, john boehner saying that president obama told him we don't have a spending problem. really? former senator jim demint is here. if we have no spending problem, senator, why do we need to extend the debt ceiling? why do we need more money? >> greta, the president is running out of excuses. he can't blame the last administration because he is the last administration. president obama has spent more and created more debt than any president in history. yeast, we have the slowest recovery of any recovery in history. i spent last summer, going around my state, talking to small businesses, dozens of them. so it's very clear to me what's happening now. they were beginning to pull back because of the expected cost of obamacare, the dod-frank legislation, that was a federal takeover of our financial system is making it harder for businesses to get loans. you look at the expected tax increases, which businesses were trying to plan for, the uncertainty really goes back to the president's policies. it is not obstruction. i wish we had had more of it. the policies in place
. >> and speaker of the house, john boehner saying that president obama told him we don't have a spending problem. really? former senator jim demint is here. if we have no spending problem, senator, why do we need to extend the debt ceiling? why do we need more money? >> greta, the president is running out of excuses. he can't blame the last administration because he is the last administration. president obama has spent more and created more debt than any president in history....
119
119
Jan 31, 2013
01/13
by
FOXNEWSW
tv
eye 119
favorite 0
quote 0
if president obama did say to speaker boehner that we don't have a spending problem, even on the debt commission even after the economy recovering, federal spending is projected to increase faster than revenues so the government will continue to borrow money to spend. that sounds like a spending problem? >> we have doubled spending in the last ten years. revenues this year will be historic highs. so you don't have to guess where the problem is. we are spending too much. we need to cut spending. we need to do it in a predict way so we don't shake up the economy. the fact there has been no defense spending cuts yet. >> greta: not yet. >> so for them to blame the negative growth on that was certainly part of that as defense contractors begin to pull back. this started last summer. businesses all over the country beginning to pare back their plans end of last year, to all the policies that president obama put in place. >> greta: i think it's the insanity that was going on. the fact that nobody knew what his or her taxes were going to be. it wasn't as though -- for the life of me i can't u
if president obama did say to speaker boehner that we don't have a spending problem, even on the debt commission even after the economy recovering, federal spending is projected to increase faster than revenues so the government will continue to borrow money to spend. that sounds like a spending problem? >> we have doubled spending in the last ten years. revenues this year will be historic highs. so you don't have to guess where the problem is. we are spending too much. we need to cut...
146
146
Jan 30, 2013
01/13
by
CURRENT
tv
eye 146
favorite 0
quote 0
medicaid part b, it is now obama's spending -- all right. oh, look, it is future husband stack. [ ♪ "world news tonight" ♪ ] i need someone that cares about me. >> well apparently you have -- >> stephanie: i'm gesturing at jim. he doesn't know because he doesn't pay attention to me. >> because i'm trying to read e-mail. >> during the show? >> stephanie: i'm talking. reading while i'm talking. you're not paying attention are you? >> why do you need a future husband if you got a new little thing going on? >> stephanie: listen! >> you spilled the beans. >> it is you and mrs. jones, right? you got a thing going on? >> stephanie: travis was there saturday. it's not important. okay. >> okay then. >> stephanie: this is -- brian wendler, please and thank you. sixth arrest for dui. at the time of his arrest, he was wearing a shirt that read been drinking, free breathalyzer test with an arrow pointed at his mouth. >> he got that crazy shirt at the mall. >> stephanie: good thing the cop didn't find that all that funny. >> that's the kind of shirt y
medicaid part b, it is now obama's spending -- all right. oh, look, it is future husband stack. [ ♪ "world news tonight" ♪ ] i need someone that cares about me. >> well apparently you have -- >> stephanie: i'm gesturing at jim. he doesn't know because he doesn't pay attention to me. >> because i'm trying to read e-mail. >> during the show? >> stephanie: i'm talking. reading while i'm talking. you're not paying attention are you? >> why do you...
123
123
Jan 29, 2013
01/13
by
FOXNEWSW
tv
eye 123
favorite 0
quote 0
you ever gotten in a room and anyone said we need to get together or else we have no power against obama? has that happened? >> it's been said over and over, when the speaker brings yet another bill, and lives away our leverage and has not cut spending, then that's all we hear. >> i love football, my favorite support and get tired of football metaphors, there's no i in team and only one quarterback in the huddle. and a better football metaphor is, if you're getting the kickoff and you take it and start running toward your own goal, don't expect me to block for you going the wrong goal. you know, we need to be together on the things we agree on. >> i agree. >> and every one of us took a pledge, called a pledge and that's what we agreed on, but we haven't stood by the things that we pledged that's the next challenge. >> a great pledge. >> sean: how about the party that's for a balanced budget against generational theft and a party that's for entitlement reform and won't give in. if everybody has power-- >> and social security by not letting it go broke, we're going to protect future genera
you ever gotten in a room and anyone said we need to get together or else we have no power against obama? has that happened? >> it's been said over and over, when the speaker brings yet another bill, and lives away our leverage and has not cut spending, then that's all we hear. >> i love football, my favorite support and get tired of football metaphors, there's no i in team and only one quarterback in the huddle. and a better football metaphor is, if you're getting the kickoff and...
218
218
Jan 28, 2013
01/13
by
FOXNEWSW
tv
eye 218
favorite 0
quote 0
does president obama want to destroy the republican party? >> obviously republicans want to make sure the entitlement programs are here for future generations. right now for every dollar we spend on young people we are spending four dollars on seniors. right now in medicare the average person pays for one third of the cost of the medicare program. now, dick durbin for what it is worth has been one of those people willing sit down and solve that problem and i congratulate him on that. as far as the president's goal of annihilating the republican party. i will say that i was glad to see that the house was unified behind something recently as it relates to the fiscal issues and i think that is a backstop to that. the fact is the one thing the president didn't mention in his speech was the major fiscal issue that our nation faces. it was everything but that and to me that was disheartening. it is the one issue that before anything else we need to put in the rear view mirror to make our country stronger. >> chris: senator durbin you are a member o
does president obama want to destroy the republican party? >> obviously republicans want to make sure the entitlement programs are here for future generations. right now for every dollar we spend on young people we are spending four dollars on seniors. right now in medicare the average person pays for one third of the cost of the medicare program. now, dick durbin for what it is worth has been one of those people willing sit down and solve that problem and i congratulate him on that. as...
126
126
Jan 29, 2013
01/13
by
CNBC
tv
eye 126
favorite 0
quote 0
and obama tax rates coming and that's not good. but i just think the spending thing, you know, milton friedman taught us that's a tax cut. smaller government is effectively a tax cut. >> you measure the burden of government by spending, not by taxing. >> all right. do you think the fed -- this is the big question. people are worried about bonds. ten-year treasury bonds, right, have gone from about 140 last summer to about 2% today. upward move. so the fed's not really holding down bond prices -- bond rates even though they're buying so many. let me ask you, is the bond play a sucker play right now? if you think there's stronger growth coming and you see this stock market rally which has great legs, corrections or not, great legs, is it time to get out of bonds? >> yes, some investors, larry, have to be in bonds, they're benchmarked, certain liquidity and credit restraints. they have to be in treasuries. as an individual investor, you'd want to stay away from bonds. and if you were a speculative investor, you'd want a short bonds. t
and obama tax rates coming and that's not good. but i just think the spending thing, you know, milton friedman taught us that's a tax cut. smaller government is effectively a tax cut. >> you measure the burden of government by spending, not by taxing. >> all right. do you think the fed -- this is the big question. people are worried about bonds. ten-year treasury bonds, right, have gone from about 140 last summer to about 2% today. upward move. so the fed's not really holding down...
88
88
Jan 29, 2013
01/13
by
CNNW
tv
eye 88
favorite 0
quote 0
those six years that you spend running and then governing, it takes a lot out of even somebody as young as president obama. >> and if you need any reminding of how tough the job is, look no further than barack obama, all the times you have interviewed him from start to finish, his hair has turned white. people are blaming you. >> i don't think that's the case, piers. >> steve, it's been a pleasure talking to you. it was fantastic television just to see those two sitting there, taking questions, and i salute you. well done. >> thank you, piers. >> guns are squarely at the top of president obama's agenda tonight. 38 days after the tragedy at newtown, he and vice president joe biden met with police chiefs and sheriffs in cities across the country including utah, aurora, colorado, and oak creek, wisconsin. joining me three men who were at that meeting. charles ramsey, john edwards, and sheriff fitzgerald. welcome to you all. let me start with you, if i may, please, commissioner ramsey. what was your overview of how the meeting went? i suppose the key question is what do you collectively thi
those six years that you spend running and then governing, it takes a lot out of even somebody as young as president obama. >> and if you need any reminding of how tough the job is, look no further than barack obama, all the times you have interviewed him from start to finish, his hair has turned white. people are blaming you. >> i don't think that's the case, piers. >> steve, it's been a pleasure talking to you. it was fantastic television just to see those two sitting there,...
51
51
Jan 29, 2013
01/13
by
MSNBC
tv
eye 51
favorite 0
quote 0
the gang of eight bill will be the main vehicle with president obama's backing. if you need an example of why republicans need to get on this issue, nevada started the 2012 election as a swing state. by the end of it neither party was spending money there because the hispanic community was so aligned with the democratic candidate that mitt romney couldn't compete. it went the way of new mexico in 2008, and i think republicans recognized that this is a first step. simply signing on to immigration reform doesn't mean they're going to win 70% of the hispanic vote, but they need to get this issue behind them because electorally speaking they would struggle for a decade or two decades if they don't. sxwro we've seen a mood swing. republicans know they have to get right on this, and this is why you're seeing this coalition come together so quickly. there's support for it. there's a new cbs news poll that shows that a majority, 51%, believe in a path to sit sfwlenship. there's only 24% that say the undocumented immigrant should get out. >> that will be one of the final
the gang of eight bill will be the main vehicle with president obama's backing. if you need an example of why republicans need to get on this issue, nevada started the 2012 election as a swing state. by the end of it neither party was spending money there because the hispanic community was so aligned with the democratic candidate that mitt romney couldn't compete. it went the way of new mexico in 2008, and i think republicans recognized that this is a first step. simply signing on to...
272
272
Jan 29, 2013
01/13
by
CNNW
tv
eye 272
favorite 0
quote 0
president obama has deported more persons than any prior president. so i think that going forward certainly there will be the emphasis on the enforcement side, but i think that obama will spend some political capital on the issue of how these 11 million undocumented aliens can become on the path to citizenship. >> and as someone who kns that process, who knows the complicated paperwork, who knows the frustration of waiting for the bureaucracy, do you think it can be done, you can have a path to earned citizenship, which somebody comes forward, gets first a green card, legal status and then in line for citizenship. can that be done in a way that is fair or as fair as possible in the sense that if there is someone who has been waiting legally, will the people already in this country actually go to the back of the line? that's what a lot of people suspect won't happen. >> well, the senate proposal and president obama have both said they will go to the back of the line. that line in some instances is years long for family reunification. it is one of the r
president obama has deported more persons than any prior president. so i think that going forward certainly there will be the emphasis on the enforcement side, but i think that obama will spend some political capital on the issue of how these 11 million undocumented aliens can become on the path to citizenship. >> and as someone who kns that process, who knows the complicated paperwork, who knows the frustration of waiting for the bureaucracy, do you think it can be done, you can have a...
115
115
Jan 25, 2013
01/13
by
CNBC
tv
eye 115
favorite 0
quote 0
obama had two rebates that didn't work. people know it's not permanent and pay down their credit cards but doesn't affect spending. got to go. hang on. when we come back you can whack at me. we got two major earnings reports out after today's close bell. we begin with microsoft, john joins us with the details. >> reporter: microsoft turned in solid results. revenue just a little bit short of expectations at 21.46 billion dollars. eps a penny better at 76 cents. microsoft says when you count deferred revenue thing are actually a little bit better than that. a couple of highlights. windows, the windows group did better than expected at 5.8 billion in revenue. the business division did a little shy at 5.7. now jane wells has a little bit on starbucks, another big company. jane? >> reporter: john, shares have been up after hours. they were up over 3% at one point. starbucks reported its best holiday ever, best earnings per share ever at 57 cents. improving operator margins to 16.6%. stronger comp sales in the u.s. and china and
obama had two rebates that didn't work. people know it's not permanent and pay down their credit cards but doesn't affect spending. got to go. hang on. when we come back you can whack at me. we got two major earnings reports out after today's close bell. we begin with microsoft, john joins us with the details. >> reporter: microsoft turned in solid results. revenue just a little bit short of expectations at 21.46 billion dollars. eps a penny better at 76 cents. microsoft says when you...
102
102
Feb 1, 2013
02/13
by
MSNBCW
tv
eye 102
favorite 0
quote 0
no one was particularly excited even the people who were in his camp when it comes to defense spending. >> i mean, the main reason for this nomination was to stick a finger in john mccain's eye. they have succeeded in that. >> do you really think that? >> i don't think it's between obama and hagel. >> not the only -- >> i hope it's not. >> you -- you've -- you're known to orbit around the white house from time to time. >> right. >> when the soup of the day is particularly tasty. i'm kidding. this is all out of love. glen -- >> potato cheddar. >> do you buy that line of argument from ben that this is sticking a finger in john mccain's eye, the hagel nomination, because we've been led to believe that there is a close saysness and a rep twar between the president and chuck hagel and that's why -- >> there are a lot of fingers being stuck in various eyes here. one of the other ones is apac, the fact that they got apac to sit on their hands on this nomination, and the israel, not the jewish lobby, hasn't really weighed in in a meaningful way on this is a big deal for the white house, but, y
no one was particularly excited even the people who were in his camp when it comes to defense spending. >> i mean, the main reason for this nomination was to stick a finger in john mccain's eye. they have succeeded in that. >> do you really think that? >> i don't think it's between obama and hagel. >> not the only -- >> i hope it's not. >> you -- you've -- you're known to orbit around the white house from time to time. >> right. >> when the soup...
105
105
Jan 30, 2013
01/13
by
FOXNEWSW
tv
eye 105
favorite 0
quote 0
obama has made it clear he would like to do more stimulus spending. repu republicans aren't open to that. they control half of -- control the house and democrats control the senate. it remains to be seen what will happen. the deficit is a problem and needs to be dealt with. it is not going to progress the way it is raised. >> for the fourth quarter he slufrpgs in terms of growth. now is the worst possible time to cut spending even further. the economists look at this slijage and say it was due in large parts of federal spending being cut. what is the con sefb tive answer -- conservative answer to that? >> we spent nearly a trillion dollars in the initial stimulus bill in january or february 2009. we have spent hundreds of billions more over the next 3 and a half years to try to stimulate the economy. we have gotten sadly used to this new normal between the gdp of 1 and say 2 percent. that is the status in the united states of america. we have the worst u.s. recovery ever on record in this president. economics is a straight forward signs. you look over
obama has made it clear he would like to do more stimulus spending. repu republicans aren't open to that. they control half of -- control the house and democrats control the senate. it remains to be seen what will happen. the deficit is a problem and needs to be dealt with. it is not going to progress the way it is raised. >> for the fourth quarter he slufrpgs in terms of growth. now is the worst possible time to cut spending even further. the economists look at this slijage and say it...
182
182
Jan 31, 2013
01/13
by
MSNBCW
tv
eye 182
favorite 0
quote 0
it's in the journal, which is that part of obama care allows caps on precipitation drug spending, and some unions, apparently, are just realizing this. and they're pushing back on the administration to make sure they don't have these caps, because they're saying, that's going to drive up our medical costs, our health care costs, more than we thought, which means, we're going to be less competitive in the marketplace. so according to the journal, the unions are pushing back on the obama administration about this cap. and they're asking for federal subsidies on top of their work insurance. >> all right. and let's talk about facebook now. they've just had a brutal year. but some pretty good news in the fourth quarter. >> hey, the stock is up 70%, 7-0, since september, joe. mobile ad revenue is up. that's what everyone wants to see. 70% the stock is up since september. mobile ad revenue up 23%, which is accelerating. look around the table, okay. mika with her iphone, iphone -- >> soon to be samsung. >> barnicle, you've got an abacus, i've got an iphone, but there's two laptops. that's the
it's in the journal, which is that part of obama care allows caps on precipitation drug spending, and some unions, apparently, are just realizing this. and they're pushing back on the administration to make sure they don't have these caps, because they're saying, that's going to drive up our medical costs, our health care costs, more than we thought, which means, we're going to be less competitive in the marketplace. so according to the journal, the unions are pushing back on the obama...
190
190
Jan 25, 2013
01/13
by
CSPAN
tv
eye 190
favorite 0
quote 0
i think the republicans should spend less time complaining about president obama and his intentions and more time to thinking about what they can solve and where they can work with him and where they really can fight and should fight him and really try to do some good for the country by mitigating the damage he is doing. and where they cannot mitigate the damage, they can set a fire say we are confident the public will see the failure of president obama's policies and we will get a real alternative. host: this tweet -- jeb bush of florida has this in the wall street journal this morning on solving the immigration puzzle. jeb bush says there is no line. guest: i would be with him. and i thought that romney's attacks on rick perry and newt gingrich were not fair on immigration. mitt romney was supposed to be the moderate candidate and rick perry was the right-winger. rick perry was the one who was more forward-looking and more liberal on immigration, which would have served the party better. romney by pandering to what he thought or parts of the republican base on immigration. when he men
i think the republicans should spend less time complaining about president obama and his intentions and more time to thinking about what they can solve and where they can work with him and where they really can fight and should fight him and really try to do some good for the country by mitigating the damage he is doing. and where they cannot mitigate the damage, they can set a fire say we are confident the public will see the failure of president obama's policies and we will get a real...
126
126
Jan 26, 2013
01/13
by
MSNBCW
tv
eye 126
favorite 0
quote 0
president obama wants to spend more on education. that's tough. so these cuts go into effect, but they might find very quickly that it's very difficult to actually implement them. >> last thing here to you, chris, we're hearing about a couple of senators not going to be -- not going to seek re-election. talking about harkin, saxby chambliss. chambliss cited the gridlock in washington as part of the reason him wanting to step away. get your reaction to both of these men not seeking re-election. and also what are your thoughts on chambliss actually citing what's happening in washington as part of the reason for him wanting to get out of there? >> i think what we're seeing right now is a generational change in washington. chambliss and harkin and guys like that are part of that change. and it's interesting particularly in chambliss's case as you point out he does cite the partisan gridlock. but he's also part of that old republican guard. he's very close friends with house speaker john boehner for example. i think you're going to see as the republica
president obama wants to spend more on education. that's tough. so these cuts go into effect, but they might find very quickly that it's very difficult to actually implement them. >> last thing here to you, chris, we're hearing about a couple of senators not going to be -- not going to seek re-election. talking about harkin, saxby chambliss. chambliss cited the gridlock in washington as part of the reason him wanting to step away. get your reaction to both of these men not seeking...
115
115
Jan 31, 2013
01/13
by
CSPAN
tv
eye 115
favorite 0
quote 0
we are looking at unprecedented cuts in spending on national security. we are looking at the prospect of drawing down from afghanistan. we are looking at a lot of changes. not just here in the united states, but in the world. one of the questions i know that we have is whether we are ready for the exchanges. i suspect that most of us believe we are not. tom, make -- maybe you could start as out and talk about the sequestration that paul ryan told us this weekend is going to happen. >> it is a prediction that at this point seems like a certainty, but i would argue it has been a near certainty once beat sequestration provision was written into the budget control act. i will talk a bit about sequestration per se, but i would regard it as a symptom and not the disease itself. the disease itself is erosion to the point of vanishing, almost, of the bipartisan political consensus for military string, for peace through strength, as people used to say. that is really something that over the course of my career has been a touchstone, something that people could bu
we are looking at unprecedented cuts in spending on national security. we are looking at the prospect of drawing down from afghanistan. we are looking at a lot of changes. not just here in the united states, but in the world. one of the questions i know that we have is whether we are ready for the exchanges. i suspect that most of us believe we are not. tom, make -- maybe you could start as out and talk about the sequestration that paul ryan told us this weekend is going to happen. >> it...
158
158
Jan 28, 2013
01/13
by
MSNBCW
tv
eye 158
favorite 0
quote 0
downgrades, falling revenues and perpetual increases in mandatory spending. instead, the president is teeing up partisan legislative battles with republicans in hopes of -- but as a measurement of the president's seriousness, his second inaugural address can only be seen as a grand failure that missed yet another historic opportunity to call americans together in the name of shared sacrifice. and richard haass, there is another opportunity, which would be the state of the union which i'm sort of banking on. >> traditionally inaugurals are the poetry, and then the state of the union becomes the prose. and the president did not prepare for educate the american people about some of the tough decisions to come, particularly on medicare and medicaid. so the real question going forward for the state of the union is whether he essentially addresses that. and whether he -- because we've still got more than, i think, more than $2 trillion in serious cuts to be made to entitlements over the next decade. and we've done a lot of the tax. we really can't get there through
downgrades, falling revenues and perpetual increases in mandatory spending. instead, the president is teeing up partisan legislative battles with republicans in hopes of -- but as a measurement of the president's seriousness, his second inaugural address can only be seen as a grand failure that missed yet another historic opportunity to call americans together in the name of shared sacrifice. and richard haass, there is another opportunity, which would be the state of the union which i'm sort...
141
141
Jan 31, 2013
01/13
by
MSNBCW
tv
eye 141
favorite 0
quote 0
on the eve of the start of his second term, president obama announced that he would spend this term at least in part on an issue commonly believed to be among the heaviest lifts in all of american politics. he said he would do something about gun violence. now the president can create certain changes by himself with his executive authority. he can make changes, not laws. he cannot change laws, but he can change things that the administration is responsible for itself. for big changes, though, for real reform, the president needs congress to pass new laws, and that's where the real political heavy lifting comes in. to do that political heavy lifting, the white house announced a new political strategy, or at least a new political tactic to try to get this done. the 2012 obama/biden reelection campaign would morph itself into an advocacy group, a powerful democratic grassroots activism machine. the old campaign would transfer to this new group its vast database of information about obama supporters, about voters. and then the new group would mobilize supporters to mobilize the president's
on the eve of the start of his second term, president obama announced that he would spend this term at least in part on an issue commonly believed to be among the heaviest lifts in all of american politics. he said he would do something about gun violence. now the president can create certain changes by himself with his executive authority. he can make changes, not laws. he cannot change laws, but he can change things that the administration is responsible for itself. for big changes, though,...
92
92
Jan 30, 2013
01/13
by
CSPAN
tv
eye 92
favorite 0
quote 0
1, avoiding sharp tax increases and across the board government spending cuts. the chairman of the senate judiciary committee sent in his prepared statement that closing loopholes in the background check system for gun purchases will not run firearm owners said mmm rights to own a gun and is a matter of common sense. after the killing of student and staffers in connecticut it is time to stop recriminations on the subject. the senator says the background checks would mean a strengthening by law anyone buying a gun from a licensed dealer must have a background check infected killers and people with mental problems barred from purchases. the senate judiciary committee hearing on guns begins it 10:00 eastern time. here is live on c-span radio or watch live on c-span. those are some of the latest headlines on c-span radio. >> it is clear to be a good bill on civil rights. can you get him to agree to come on with you? or is he going to try to keep from passing it? think we have to get a whip out. >> lbj and chief congressional aide larry o'brien strategizing. here it
1, avoiding sharp tax increases and across the board government spending cuts. the chairman of the senate judiciary committee sent in his prepared statement that closing loopholes in the background check system for gun purchases will not run firearm owners said mmm rights to own a gun and is a matter of common sense. after the killing of student and staffers in connecticut it is time to stop recriminations on the subject. the senator says the background checks would mean a strengthening by law...
171
171
Jan 29, 2013
01/13
by
FOXNEWSW
tv
eye 171
favorite 0
quote 0
state department after said abedini finds out he will spend the next eight years of his life in iran's most brutal prison for the crime of evan gellization. he is a christian. the white house is now saying that the obama administration has been actively helping the pastor's family. here is jay carney. >> we condemn iran's continued violation of the universal right of freedom of religion and we call on the iranian authorities to release mr. abedini. as you know the state department is in close contact with the abedini family. is actively engaged on this case. martha: interesting. that is not what we've heard when we've spoken with the family but the pastor's wife says the statent do, as i said is really not doing everything they can. she said every day counts. he is being tortured. they could do so much more. i have been so heart-broken. as low we're letting the iranian government lead with their interpretation what he has done wrong instead of protecting our american ideals. at the very least secretary clinton should publicly call for the unequivocal release of saeed abedini. in her op
state department after said abedini finds out he will spend the next eight years of his life in iran's most brutal prison for the crime of evan gellization. he is a christian. the white house is now saying that the obama administration has been actively helping the pastor's family. here is jay carney. >> we condemn iran's continued violation of the universal right of freedom of religion and we call on the iranian authorities to release mr. abedini. as you know the state department is in...
75
75
Jan 30, 2013
01/13
by
CSPAN2
tv
eye 75
favorite 0
quote 0
mcconnell: a few weeks ago president obama reported that -- a few weeks ago president obama reportedly said that america doesn't have a spending problem. this is completely at odds with what independent experts tell us and what is perfectly apparent to anybody who is alert. and last week i brought this chart behind me to the floor to illustrate the point. as everyone knows, we're running trillion-dollar annual deficits. what this chart shows is the gap between government spending and revenue just keeps getting wider and wider and wider. so let's take a look at it. the occupant of the chair is relatively new to the senate, but not new to the facts. the green area here represents both historic and projected tax revenue. the blue area here, the dark blue area, as you can see, really kind of flat line flatlit here to 2014, is the new revenue that the president got at the end of the new year as a result of the law. the tax rates sunsetted, expired at midnight on new year's eve. the congress then wisely continued the current tax rates for 99% of americans, made those rates permanent so you w
mcconnell: a few weeks ago president obama reported that -- a few weeks ago president obama reportedly said that america doesn't have a spending problem. this is completely at odds with what independent experts tell us and what is perfectly apparent to anybody who is alert. and last week i brought this chart behind me to the floor to illustrate the point. as everyone knows, we're running trillion-dollar annual deficits. what this chart shows is the gap between government spending and revenue...